1 in 4 Americans have lost job because of coronavirus; most think they'll return to work

One out of every four American adults say someone in their household has lost a job to the coronavirus pandemic, but the vast majority expect those former jobs will return once the crisis passes

Unemployment issues having ripple effect through the economy

A lot of the unemployment stories shared have come out of the hospitality industry, including servers at restaurants and bars. However, layoffs are starting to go well beyond that, now hitting medical offices unrelated to treating the coronavirus — physical therapy, chiropractors, dentists, and more.

US unemployment claims surge by another 4.4 million

More than 4.4 million laid-off workers applied for U.S. unemployment benefits last week as job cuts escalated across an economy that remains all but shut down, the government said Thursday.

Johns Hopkins University warns of layoffs, cuts while tracking coronavirus spread

Johns Hopkins University is planning to cut salaries and expecting to furlough and lay off employees because of multimillion-dollar losses arising from the pandemic.

Some small businesses say ‘no’ to Paycheck Protection Program funding

The Paycheck Protection Program ran out of its $349 billion fund in just two weeks. Recently, the Senate passed an additional $300 billion in funding for the program.

Social Security and Medicare funds at risk even before coronavirus pandemic

For Social Security, the projected 2035 date for exhausting the trust fund reserves means that it would be able to pay only 79% of benefits.

People missing out on stimulus checks because spouses are immigrants

Roughly 1.2 million U.S. citizens did not receive stimulus checks because they are married to immigrants who don’t have social security numbers and joint-filed their taxes.

Small business microgrants to be awarded in DC by the end of the month

It has been 28 days since D.C. Mayor Muriel Bowser (D) ordered all nonessential businesses in the city to close -- a decision that forced thousands of layoffs and a flood of applications for unemployment benefits.

Congress’ $300B package for small businesses may only last days: report

Bank officials have reportedly warned that the $450 billion package to replenish the earlier small business emergency fund will likely run out of money in just a few days.

Ilhan Omar introduces bill to cancel rent, mortgage payments during coronavirus pandemic

Legislation has been introduced that would cancel rent and mortgage payments for Americans during the coronavirus pandemic. This would be available to all Americans regardless of income or employment.

Shake Shack to return $10M government loan

Shake Shack Inc will return the small business loan it received from the U.S. government, the burger chain's chief executive said on Monday, making it the first major firm to hand back money aimed at helping small businesses ride out the coronavirus impact.

Layoffs and pay cuts are now striking more white collar jobs

The record-setting flood of layoffs unleashed by the viral outbreak is extending beyond the services industries that bore the initial brunt and are still suffering most.

The stimulus check isn’t enough. We did the math.

Check your bank accounts. Chances are you are about $1,042.70 richer. That’s because millions of Americans received their $1,200 stimulus check—after taxes, of course, but is that enough money?